THE HEMP MARKET.

Dominion, Volume 4, Issue 1058, 22 February 1911, Page 8

THE HEMP MARKET.

• < ':V- •; 'AN ADVANCE. :; : '.■ .. / ; The hemp market this week, says tho Foxton "Herald." is l>riglitcr;lpriccs having advanced 15s. per tou. A'local mill«r^states that ou .Monday .ho fold a parcel of .fair" hemp nt a lower pneo than ho had received for tho paif 17 years: one hour after the sale was completed ho could'havo obtained a further five shillings per ton, and threo hours later was offered 15s. pecton moro than what ho'sold at. ... ~ .. Tho.quantity of homp and tow at prostnt in"tho Toxton grading sheds must constitute a record, both fheds bsing practically full. ' The output there is still keeping up, but the quality is net as good as usual. This is mainly duo tor tho very .fine weather expenenctd which tends to dry tho fibre withont bUaching if! and" thus leaving tho colour~anythiriß -but* good. '?■<• t ■ , .', ■ A large flaxmiller from: the Koputaroa district, in course of conversation with a "Chronicle" reporter, emphasised tho _ fact that the flaimilling industry was in n very parlons'state. . "The only thing we can look for at present," ho hjimoronsly remarked, "is a cyclone in the Philippines. That would 1* their misforhino and our salvation. The Americans, he Vtnt-on. "aretnowvUPine.mntyiinfrj ? nd are'putting on'the market a e*con.d-ffla?e article.at a-'vefy much rfiMiwr.rate than tbes'-owd to.". So.far as/ho how,there w.vs only one -Wand'in kto Th.l.pp.nes turning out Rood rjuality stuff, , . The out. look generally was ntv gloomy, iha men who had bwn pajd off had, of. course, left the immediate countryside, and fo had ■ lessened .tho , spending , capacity of the locality. ' " ■ .